NEW YORK (CNNMoney) -- Including the $1.3 billion loss on its Chrysler investment, announced Thursday, the United States government has lost about $14 billion on the auto industry bail-out. All in all, it was a bargain.
That $14 billion figure is far less than than the $40 billion bath the Congressional Budget Office expected U.S. taxpayers to take in the total auto industry bailout.
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6 comments:
Every congress person that signed the bailout should be made to pay it back or go to prison!
Obama was for the auto bailouts as a senator
What a deal !! right DSA
If they were allowed to fail, it would not have cost us a dime! in fact, the resulting aftermarket startups probably would have brought about millions of new jobs! Oh, wait, that would require a free market system and no unions...
Funny, my verification word is "winers"!
5:32
I agree. Unions translate anti-competitive. Unions are fat cat elitists too you know with little or no care for the workers' jobs.
The problem with our economy is that there is absolutely no competition any more. The richest people have conspired to monopolize each segment of the remaining economy and they have all decided to employ grossly poor people from other Countries to manufacture goods.
Americans manufacture what? Exactly? We don't even grow our own food!
What a deal !! right DSA
July 22, 2011 4:22 PM
Don't get that idiot started, please.
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